Title 33, Chapter 11, Section 63
( 33-11-63)
(a) If the Commissioner determines that an insurer's investment
practices do not meet the provisions of this article, the
Commissioner may, after notification to the insurer of the
Commissioner's findings, order the insurer to make changes necessary
to comply with the provisions of this article. (b) If the Commissioner determines that by reason of the financial
condition, current investment practice, or current investment plan
of an insurer, the interests of insureds, creditors, or the general
public are or may be endangered, the Commissioner may impose
reasonable additional restrictions upon the admissibility or
valuation of investments or may impose restrictions on the
investment practices of an insurer, including prohibition or
divestment. (c) If the Commissioner is satisfied by evidence of an insurer's
financial strength and the competence of management and its
investment advisers, the Commissioner may count toward satisfaction
of the minimum asset requirement any other investment not
specifically prohibited by this article to the extent that the
Commissioner is satisfied that the interests of insureds, creditors,
and the general public of this state are protected. |